Is your company looking to migrate from legacy billing software to a more advanced one? Conversion of the billing system is usually a part of the bigger vision to onset improved efficiency of billing systems in the long-term to fuel various objectives like better cash management, improved cost savings, reduced risks of bad debts, etc. Yet, most conversion processes get complex and confusing, requiring enough time, knowledge, and precision to get through it all without any errors or problems.

Outsource2india’s accounts receivable services are built to offer industry-best conversion services, leveraging easy accessibility and functionality for medicare facilities and organizations. Whether your organization is transitioning from a legacy system or you are looking for streamlining operations within the existing infrastructure, our team of qualified accountants and other experts provide complete on-shore and off-shore support, as needed, to make your account receivables system smoother and well-functioning.

Accounts Receivable Conversion Services We Offer

Our exhaustive knowledge and exceptional proficiency across billing systems used by medicare facilities allow us to offer unmatched versatility and deep expertise in all kinds of A/R conversion projects. Our wide spectrum of solutions for accounts receivable conversion includes -

1. Assessment of your Financial Health and Conversion Needs

   

   O2I assists the healthcare institutions and other medicare facilities like yours, in a thorough examination of the existing practices to determine the conversion strategy, process, etc. It involves -

   • Reviewing existing systems to identify inefficiencies and poor operability
   • Establishing sources of revenue leakages or poor collection management, if any
   • Stating relevant recommendations to reduce bad debts or revenue leakages

2. Cash Flow Management

   

   Our team undertakes the task of efficiently managing the cash flows during the system conversion period. Under this we facilitate -

   • Strategic planning for system conversion
   • Minimizing any disruptions in collections and operations
   • Managing cash levels during the transition to optimize A/Rs and bad debts
   • Effectively managing payment reconciliation across both, legacy and the new system to minimize any risk of revenue leakage

3. Cash Protection and Receivables’ Liquidation

   

   Apart from proper cash flow management, our team simultaneously leverages a tiered approach to enable a secured cash performance before and during the conversion. It includes -

   • Resolving legacy A/R systems to build cash reserves for a potentially unforeseen dip in cash collection
   • Freeing up your internal resources so that they can focus on new system implementation and training
   • Liquidating receivables from your legacy systems after the conversion

4. Automated A/R Collection and Electronic Conversion

   

   With the power of A/R automation, medicare facilities can leverage large amounts of patient invoices quickly and more accurately than ever before. We help healthcare organizations in the following -

   • Choosing and deploying the right automation technology for A/R automation
   • Assisting in training of your team for its effective usage
   • Ensuring smooth and secure working of the software
   • Tracking collections and audit trail

5. On-site Personnel Support

   

   You may require on-site support while undergoing system conversion. We truly become your hands and eyes and extend complete onshore support. It involves -

   • Working directly on your legacy system while you focus on migration to the new
   • Filling-in any staffing gaps during training and system implementation
   • Acting as your Patient Financial Services team while you optimize and transition to the new system

Our Accounts Receivable Conversion Process

We have developed a robust process based on our years of experience in the industry domain, giving us an edge in the market and enabling us to serve you effectively with faster turnarounds. Our 6-step process involves the following stages -

Other Services You May Benefit From

Why Choose Us as Your Accounts Receivable Conversion Service Provider?

When you decide to hire us as your accounts receivable conversion services providing company, you avail the following benefits -

• Cost-effective Services

  Our services are priced quite reasonably to match the budget needs of small, medium, and large-scale organizations, alike. We can also customize the packages as per the unique needs and budgets of your company.

• Experienced Team of CA, CPA, & CS

  Outsource2india houses 300+ CA/CS professionals that are trained to manage even the most complex projects across industries and geographies.

• Consistent High-quality Services

  We like to maintain ‘gold standards’ when it comes to delivering services. Our exceptionally qualified team allows us the advantage of serving you with the best of our capabilities, earning us the reputation of a trusted partner for outsourcing accounts receivable conversion services.

• Protection of Systems and Data

  We assist in deploying cutting-edge security solutions to keep your legacy as well as the new system free from any bugs, viruses, attacks, or risks of data loss.

• Increased Revenues

  Reducing bad debts, optimizing collections, effectively managing both systems, and automating A/R processes drastically reduce labor and operational costs leading to increased revenue.

• Scalable Solutions

  A vast and completely dedicated team allows us to scale our operations as and when needed. This also gives us the flexibility to offer on-site support to you whenever you require, without ever affecting the existing service quality standards or timelines.

Client Success Stories

Outsource Accounts Receivable Conversion Services to India

At O2I, we enable your facility to achieve process efficiencies and accelerated growth through accurate and seamless accounts receivable conversion services. We provide invaluable support to your organization, before and during the conversion, to give you an edge in terms of reduced bad debts, decreased revenue leakage risks, improved A/R cycle, optimized cost-to-collect, and better operational efficiency.

Contact one of our experts today to understand our processes further and get started.